Colleen C. DavisState Treasurer

Delaware ABLE Plan – DEPENDABLE

About the Plan

There is no limit to what individuals with disabilities can do. Now, that includes saving, too. The State of Delaware offers a low cost 529(a) savings plan – DEPENDABLE – that allows individuals with disabilities and their families to save for a broad range of expenses on a tax-advantaged basis without jeopardizing their benefits from supplemental security income (SSI), Medicaid and other federal programs. Eligible individuals can open an account for themselves, or an authorized individual can open an account on their behalf.

Need help determining how much of your biweekly, monthly, or annual income you can contribute towards your account? Our Available Income Calculator can help do the math.

The ABLE Task Force was created to help evaluate, and recommend an optimal decision regarding the State’s ABLE implementation. Through a robust and comprehensive RFP process, the PMB was provided with the information necessary from the Task Force to make a wise decision about this important program that provides life-altering benefits for many of our fellow citizens.